Zacks Investment Research downgraded shares of J Sainsbury (OTCMKTS:JSAIY) from a hold rating to a sell rating in a report published on Tuesday, reports.

According to Zacks, “J Sainsbury plc is a leading UK food retailer with interests in financial services. It consists of Sainsbury’s Supermarkets, Sainsbury’s Local, Bells Stores, Jacksons Stores and JB Beaumont, Sainsbury’s Online and Sainsbury’s Bank. It employs 148,000 people. “

A number of other research firms have also weighed in on JSAIY. Barclays upgraded J Sainsbury from an equal weight rating to an overweight rating in a research note on Monday, July 22nd. Bank of America lowered J Sainsbury from a buy rating to a neutral rating in a research note on Wednesday, May 8th. Finally, Goldman Sachs Group upgraded J Sainsbury from a sell rating to a neutral rating in a research note on Thursday, June 27th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. J Sainsbury has an average rating of Hold and a consensus target price of $13.00.

Shares of JSAIY opened at $8.68 on Tuesday. The business has a fifty day moving average of $9.87 and a 200 day moving average of $11.33. J Sainsbury has a 52-week low of $8.61 and a 52-week high of $17.69. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.66.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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